Technological change was unskilled-labor-biased during the early Industrial Revolution, but is skill-biased today. This is not embedded in extant unified growth models. We develop a model which can endogenously account for these facts, where factor bias reflects profit-maximizing decisions by...

Technological change was unskilled-labor-biased during the early Industrial Revolution, but is skill-biased today. This is not embedded in extant unified growth models. We develop a model which can endogenously account for these facts, where factor bias reflects profit-maximizing decisions by...

Ein Prozent der Weltbevölkerung besitzt über 50 Prozent des Weltvermögens IBM Tendenz steigend. 99 Prozent der Weltbevölkerung diskutieren und verzweifeln, handeln aber nicht. Soziale Ungleichheit ist für Anthony Atkinson, den weltweit führenden Experten, ganz oben auf der ?Agenda der...